what makes an effective executive

19
Sugandha Amatya Jipin Nakarmi Suman Shrestha Ashish Shrestha

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Page 1: What makes an effective executive

• Sugandha Amatya• Jipin Nakarmi• Suman Shrestha• Ashish Shrestha

Page 2: What makes an effective executive

How?

Page 3: What makes an effective executive

Introduction

• 33rd US President

• Absolutely Trust Worthy

• Gathered all information

• Developed Action Plan

• Focus on Strength and opportunity

Harry Truman

Page 4: What makes an effective executive

Being Effective

GET THE KNOWLEDGE YOU NEED

CONVERT YOUR KNOWLEDGE INTO ACTION

ENSURE COMPANYWIDE ACCOUNTABILITY

Page 5: What makes an effective executive

Get the Knowledge You Need• Ask what needs to be done:

• Note that question is not “What do I want to do”.

• Get the knowledge you need by asking what needs to be done, and take the questions seriously.

• Once you know the to-do list, set priorities.

• Do one task at a time.

• The effective executives resets the priorities rather than moving on to no. two from the original list.

Page 6: What makes an effective executive

Get the Knowledge You Need• Ask what’s right for the enterprise: 

• Don’t focus on what’s right for individuals (i.e. owners, investors, employees or customers.)

• What is right for the organization as a whole isn’t always right for individual stakeholders.

• Does not guarantee that right decisions will be made.

• Failure to ask the question virtually , it guarantees the wrong decision.

Page 7: What makes an effective executive

Convert Knowledge Into Action • Develop action plans: 

• Set a plan that specifies results and constraints compatible with the organization’s goals.

• Revise your plan often to reflect new opportunities.

• Executives are doers.

• Action plans are the statement of intentions rather than commitments.

• It needs to be a system for checking results against expectations.

• Has to be the basis for executives to measure time.

Page 8: What makes an effective executive

Scope

Objective

Requirement

Business Mode

Business Case

ICDP

Plan…………. Track……….. Monitor………….. WBS

What needs to be done?What’s right for enterprise?

Action Plan

Page 9: What makes an effective executive

Take Responsibility for Decisions• Review decisions periodically (poor decisions can be corrected before it does real

damage).• Most crucial and important decision : Hiring and Promotion of people• Effective executives know and check this

• Non Performers to be transferred to other roles.

• Smart executives know their incompetent areas, and they simply delegate those areas.

• Decision are made at every levels.

Page 10: What makes an effective executive

Take Responsibility for Communicating• Effective Executives share their plans and ask for feedbacks with colleagues, superiors,

subordinates and peers.

• Transparent flow of information.

• Example – SLII.

Page 11: What makes an effective executive

Focus on Opportunities, not Problems• Good Executives exploit opportunities to produce results.

• Opportunities like (Enterprise AS IS situation to outside situation)• New technologies• Product innovations• New market structures

• Matching best people with best opportunities.

Page 12: What makes an effective executive

Make meetings productive• The key to effective meeting : decide in advance

the kind of meeting.

• Requires good deal of self discipline

• Follow up

Page 13: What makes an effective executive

Make meetings productive• Francis Cardinal Spellman

• The most visible powerful, powerful and effective non-governmental executive during and after world war II era.

• Alfred Sloan• Headed General Motors from 1920s to 1950s

Page 14: What makes an effective executive

Think and say “We”, not “I ”

Page 15: What makes an effective executive

Summary

Page 16: What makes an effective executive

Anil Shah• CEO of Mega Bank

• Joined Nepal Grindlays Bank in an assistingposition and later became head of consumerbank and Chief Operating Officer there.

• In his five years as a CEO in Nabil Bank, the institution saw unprecedented success and it became the number one bank in Nepal.

Page 17: What makes an effective executive

Karna Shakya• Owner of Kathmandu Guest House

• Also Know as father of tourism

• Submitted Proposal to start Annapurna Conservation Area

• Started Visit Nepal Year 1998

• Submitted Proposal to start Bharatpur Cancer Hospital

Page 18: What makes an effective executive

Gokarna Bista• “I feel ashamed calling myself a minister because of fake assurances

being made by the political parties and the dishonest activities of the political leadership”

Page 19: What makes an effective executive

• Sugandha Amatya• Jipin Nakarmi• Suman Shrestha• Ashish Shrestha

Remember the 8 Simple Rules

Thank You